USDCAD Short-Term Analysis
27.02.2018, 07:15

USDCAD Short-Term Analysis

Today, 27/02/2018, we notice 2 possible scenarios for USDCAD.

As we may see here, the price is at a range which constitutes a fantastic opportunity to trade given that we have confirmation on the long side or the down side.

We are waiting for the price to break the level 1.26884 for the long signal, and then we enter on the 61.8% of the first reversal, see chart for illustration.

Regarding the Short signal is the opposite. That is to say, for the down side we are waiting for the price to bounce on the level 1.26884, and then we enter on the 61.8% of the first reversal.

As for now, the short-term picture is not clear because the price is in a small range.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location